OREANDA-NEWS. Xerox Holdings is considering making an offer to buy computer and printer maker HP Inc., with a market value of about $ 27 billion — more than three times the size of Xerox. This is reported by the American media with reference to its sources.

The issue of a possible merger was discussed at a meeting of the Xerox Board of Directors on Tuesday, November 5th. Xerox's offer for HP is expected to be above market value, with cash and stock payments. There is currently no final decision on the deal. According to media reports, Xerox now expects to receive $ 2.3 billion from a deal to sell shares in joint ventures with Fujifilm Holdings Corp. Fujifilm will buy back from Xerox a 25% stake in Fuji Xerox and become the owner of a 100% company.

Xerox, based in Norwalk, Connecticut, mainly produces large printers and photocopiers; most of its nearly 10 billion annual revenue comes from renting and servicing such machines. HP, based in Palo Alto, California, sells smaller printers and supplies for them, and is one of the largest PC makers in the world. The company's revenue for the last fiscal year ending in October 2018, according to media reports, amounted to more than 58 billion.